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Is there a relationship between Low price in dollars What is currently observed in EgyptReal estate prices In the Egyptian real estate market, or in a clearer sense, the decline of the US currency and its decline relative to the Egyptian local currency to the decline in Egyptian housing prices and real estate in general, have been clearly and directly solved by the head of the Building Materials division of the Ahmed Al-Zini Chamber of Commerce. Below you will find a summary of these statements in a way that presents the benefits and information clearly and smoothly. Here are the details.
Ahmed Al-Zaini, head of the Construction Materials Division of the Chamber of Commerce, said the current price of building materials and iron and cement would drop, noting that iron and cement would be half of the price. cost of real estate and residential property. Both will inevitably result in lower prices for real estate and residential units.
Al-Zaini added that the impact of the falling dollar on the prices of building materials, iron and cement, was one of the most affected products in dollars, but that iron prices in the market are expected to decline significantly in April. .
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On the cement, Al-Zini said that he was currently witnessing great price stability, which might not be tied to the dollar as strong as iron and if the dollar is already influential in a way that can not be ignored, Al-Zini said that the opening of the Beni Suef cement plant had significantly increased its supply, and then contributed In the stability of its prices, which is expected to continue for the period.
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